LEHIGH VALLEY, Pa. and
COLUMBUS, Ind., July 26, 2021 /PRNewswire/ -- Air Products
(NYSE:APD), a world leader in the supply and transport of
hydrogen, and Cummins Inc., a global power and hydrogen
technologies leader, jointly announce the signing of a memorandum
of understanding (MOU) to work together to accelerate the
integration of hydrogen fuel cell trucks in the Americas,
Europe and Asia. Cummins will provide hydrogen fuel cell
electric powertrains integrated into selected OEM partners'
heavy-duty trucks for Air Products, as Air Products begins the
process of converting its global fleet of distribution vehicles to
hydrogen fuel cell vehicles.
Following a successful demonstration and pilot phase, Air
Products plans to convert its global fleet of approximately 2,000
trucks to hydrogen fuel cell zero-emission vehicles. Cummins
and Air Products expect the demonstration phase to begin in 2022.
Additionally, Cummins and Air Products will work together to
increase the accessibility of renewable hydrogen, including
hydrogen infrastructure opportunities that promote the adoption of
hydrogen for mobility.
"We believe hydrogen is the future for heavy duty segments of
the transportation market and we can demonstrate to the world its
merits by being a first-mover in transitioning our heavy-duty fleet
of trucks to hydrogen fuel cell electric vehicles. We are pleased
to be working with Cummins to achieve our fleet transition goals.
Sustainability is Air Products' growth strategy and creates our
growth opportunities, and nothing says more about our company's
approach to sustainability than a fleet of zero-emission vehicles
on the road delivering product to customers every day," said
Seifi Ghasemi, Air Products'
chairman, president and chief executive officer.
"This is another turning point for hydrogen and the energy
transition," said Tom Linebarger,
chairman and chief executive officer at Cummins. "As we develop the
technologies of tomorrow, we need the partnership of others to be
successful, and this partnership with Air Products is the next step
in leading the industry on the path to a zero-emissions
future."
"The best way to promote the adoption of hydrogen for mobility
in heavy-duty applications is for us to have units on the road and
lead by example. In addition to other heavy-duty applications like
transit fleets, where we already provide fueling solutions, the
semi-truck market is a major opportunity for hydrogen due to its
rigorous requirements. Only hydrogen fuel cell vehicles can provide
the necessary range, refueling time, and weight requirements to
decarbonize this important transportation sector," said
Eric Guter, Air Products' vice
president for hydrogen for mobility solutions.
"We are thrilled to work with Air Products to take this
important step towards transitioning thousands of their trucks to
zero-emissions, hydrogen fuel cell electric vehicles," said
Amy Davis, vice president and
president of New Power at Cummins. "Together with Air Products, we
will combine our vast expertise in hydrogen—from production to
consumption—with the on-road learnings we already have through our
Cummins-powered zero-emissions fleet. From the hundreds of battery
electric buses and trucks to fuel cell systems for bus and rail,
working with these innovative fleets creates the tipping point
necessary for us to scale and accelerate a carbon-neutral
world."
Hydrogen is an important technology option for sustainable
transportation, including for heavy-duty vehicles. Hydrogen fuel
cells are gaining momentum as the technology of choice in
heavy-duty applications due to the duty cycles, especially in
extreme climate conditions. Hydrogen as a transportation fuel most
closely mirrors the traditional consumer transportation fuel
experience, and Air Products has been a pioneer in this area for
decades. The company's technologies are used in over 1.5 million
refuelings annually across 20 countries, with Air Products having
been involved in over 250 projects.
As the world's largest hydrogen producer, Air Products has
experience across the full value chain for hydrogen and is driving
sustainable growth by building, owning and operating the world's
largest production, gasification, carbon capture, transportation
and fueling projects. With over 60 years of global hydrogen
experience operating in over 50 countries, Air Products has the
proven capability and know-how to make hydrogen through all
available production methods and to distribute this increasingly
important emission-free fuel safely, reliably, and
economically.
Cummins has a long history of advanced technology and
engineering capabilities and has a broad portfolio of
market-leading hydrogen technologies, including PEM electrolyzer
and fuel cell solutions. To date, the company has deployed more
than 2,000 fuel cells and 600 electrolyzers globally. Cummins
hydrogen innovations have been part of many of the world's
"firsts," including powering the world's first hydrogen fuel cell
passenger trains, the world's first hydrogen refueling station
suitable for ships, cars and trucks in Antwerp, Belgium and the world's largest PEM
electrolyzer in Bécancour, Canada.
About Air Products
Air Products
(NYSE:APD) is a world-leading industrial gases company in operation
for 80 years. Focused on serving energy, environment and emerging
markets, the Company provides essential industrial gases, related
equipment and applications expertise to customers in dozens of
industries, including refining, chemical, metals, electronics,
manufacturing, and food and beverage. Air Products is also the
global leader in the supply of liquefied natural gas process
technology and equipment. The Company develops, engineers, builds,
owns and operates some of the world's largest industrial gas
projects, including: gasification projects that sustainably convert
abundant natural resources into syngas for the production of
high-value power, fuels and chemicals; carbon capture projects; and
world-scale carbon-free hydrogen projects supporting global
transportation and the energy transition.
The Company had fiscal 2020 sales of $8.9
billion from operations in 50 countries and has a current
market capitalization of nearly $65
billion. More than 19,000 passionate, talented and committed
employees from diverse backgrounds are driven by Air Products'
higher purpose to create innovative solutions that benefit the
environment, enhance sustainability and address the challenges
facing customers, communities, and the world. For more information,
visit airproducts.com or follow us on
LinkedIn Twitter, Facebook or Instagram.
Cautionary Note Regarding Forward-Looking Statements: This
release contains "forward-looking statements" within the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements are based on
management's expectations and assumptions as of the date of this
release and are not guarantees of future performance. While
forward-looking statements are made in good faith and based on
assumptions, expectations and projections that management believes
are reasonable based on currently available information, actual
performance and financial results may differ materially from
projections and estimates expressed in the forward-looking
statements because of many factors, including risk factors
described in our Annual Report on Form 10-K for the fiscal year
ended September 30, 2020. Except
as required by law, we disclaim any obligation or undertaking to
update or revise any forward-looking statements contained herein to
reflect any change in the assumptions, beliefs or expectations or
any change in events, conditions or circumstances upon which any
such forward-looking statements are based.
About Cummins Inc.
Cummins Inc., a global power
leader, is a corporation of complementary business segments that
design, manufacture, distribute and service a broad portfolio of
power solutions. The company's products range from diesel, natural
gas, electric and hybrid powertrains and powertrain-related
components including filtration, aftertreatment, turbochargers,
fuel systems, controls systems, air handling systems, automated
transmissions, electric power generation systems, batteries,
electrified power systems, hydrogen generation and fuel cell
products. Headquartered in Columbus,
Indiana (U.S.), since its founding in 1919, Cummins employs
approximately 57,800 people committed to powering a more prosperous
world through three global corporate responsibility priorities
critical to healthy communities: education, environment and
equality of opportunity. Cummins serves its customers online,
through a network of company-owned and independent distributor
locations, and through thousands of dealer locations worldwide and
earned about $1.8 billion on sales of
$19.8 billion in 2020. Learn more at
cummins.com.
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SOURCE Air Products